We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
mREITs' Q3 Earnings to Watch on Nov 1: CIM, IVR & More
Read MoreHide Full Article
The third-quarter earnings for the real estate investment trusts (“REITs”) sector have almost completed two weeks. A number of companies from the various categories of REITs such as the retail, equity and apartment have come out with the September-quarter end releases.
One mortgage REITs (“mREITs”) – a variant category of the commonplace REITs – which reported its third-quarter results on Oct 24 was AGNC Investment Corp. (AGNC - Free Report) . AGNC Investment reported a positive earnings surprise of 16.4%.
Some mREITs which are slated to report their third-quarter 2016 results on Nov 1 are Chimera Investment Corporation (CIM - Free Report) , Invesco Mortgage Capital Inc. (IVR - Free Report) , New York Mortgage Trust Inc. (NYMT - Free Report) and Dynex Capital Inc. (DX - Free Report) .
mREITs borrow money at a low rate of interest, and in turn use it to purchase mortgage backed securities. So, a low interest rate environment serves as a boon for the mREIT industry. During the third quarter, though the rate of interest was not raised, the chances of a rate hike kept the mREIT industry on tenterhooks.
Now let’s take a look at what’s in store for these mREITs which are slated to report on Nov 1.
For doing this, we rely on the Zacks methodology, combining a favorable Zacks Rank – Zacks Rank #1 (Strong Buy) or 2 (Buy) or 3 (Hold) – and a positive Earnings ESP, to predict the chances of a beat this quarter. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Per our proprietary methodology, Earnings ESP shows the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate. Research shows that with this combination of rank and ESP, chances of a positive earnings surprise are as high as 70% for the stocks.
New York-based Chimera Investment is a specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes. Our model does not conclusively predict that the company will record a positive surprise as it has an Earnings ESP of 0.00% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Invesco Mortgage Capital is an Atlanta, GA-based mREIT that is engaged in financing and managing residential and commercial mortgage-backed securities and mortgage loans. Currently, company has an Earnings ESP of -2.44% and carries a Zacks Rank#4 (Sell). Note that, we caution against stocks with Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
New York Mortgage Trust is engaged in owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The company has an Earnings ESP of 0.00% and a Zacks Rank #3. Our model does not conclusively predict that the company will record a positive surprise.
Glen Allen, VA-based Dynex Capital invests in mortgage-backed securities on a leveraged basis in the U.S. The company has an Earnings ESP of 0.00% and a Zacks Rank #3. Our model does not conclusively predict that the company will record a positive surprise.
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. . Click here for a peek at this private information >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
mREITs' Q3 Earnings to Watch on Nov 1: CIM, IVR & More
The third-quarter earnings for the real estate investment trusts (“REITs”) sector have almost completed two weeks. A number of companies from the various categories of REITs such as the retail, equity and apartment have come out with the September-quarter end releases.
One mortgage REITs (“mREITs”) – a variant category of the commonplace REITs – which reported its third-quarter results on Oct 24 was AGNC Investment Corp. (AGNC - Free Report) . AGNC Investment reported a positive earnings surprise of 16.4%.
Some mREITs which are slated to report their third-quarter 2016 results on Nov 1 are Chimera Investment Corporation (CIM - Free Report) , Invesco Mortgage Capital Inc. (IVR - Free Report) , New York Mortgage Trust Inc. (NYMT - Free Report) and Dynex Capital Inc. (DX - Free Report) .
mREITs borrow money at a low rate of interest, and in turn use it to purchase mortgage backed securities. So, a low interest rate environment serves as a boon for the mREIT industry. During the third quarter, though the rate of interest was not raised, the chances of a rate hike kept the mREIT industry on tenterhooks.
Now let’s take a look at what’s in store for these mREITs which are slated to report on Nov 1.
For doing this, we rely on the Zacks methodology, combining a favorable Zacks Rank – Zacks Rank #1 (Strong Buy) or 2 (Buy) or 3 (Hold) – and a positive Earnings ESP, to predict the chances of a beat this quarter. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
Per our proprietary methodology, Earnings ESP shows the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate. Research shows that with this combination of rank and ESP, chances of a positive earnings surprise are as high as 70% for the stocks.
New York-based Chimera Investment is a specialty finance company that invests in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes. Our model does not conclusively predict that the company will record a positive surprise as it has an Earnings ESP of 0.00% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
CHIMERA INVEST Price and EPS Surprise
CHIMERA INVEST Price and EPS Surprise | CHIMERA INVEST Quote
Invesco Mortgage Capital is an Atlanta, GA-based mREIT that is engaged in financing and managing residential and commercial mortgage-backed securities and mortgage loans. Currently, company has an Earnings ESP of -2.44% and carries a Zacks Rank#4 (Sell). Note that, we caution against stocks with Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
INVESCO MORTGAG Price and EPS Surprise
INVESCO MORTGAG Price and EPS Surprise | INVESCO MORTGAG Quote
New York Mortgage Trust is engaged in owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The company has an Earnings ESP of 0.00% and a Zacks Rank #3. Our model does not conclusively predict that the company will record a positive surprise.
NEW YORK MTG TR Price and EPS Surprise
NEW YORK MTG TR Price and EPS Surprise | NEW YORK MTG TR Quote
Glen Allen, VA-based Dynex Capital invests in mortgage-backed securities on a leveraged basis in the U.S. The company has an Earnings ESP of 0.00% and a Zacks Rank #3. Our model does not conclusively predict that the company will record a positive surprise.
DYNEX CAP INC Price and EPS Surprise
DYNEX CAP INC Price and EPS Surprise | DYNEX CAP INC Quote
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. . Click here for a peek at this private information >>